Section 10.14182 - Bond and Other Insurance PoliciesExcept as otherwise provided in Section 10.14176 of this Chapter, not less than five business days before the license for a subject office is to be issued, the applicant shall:
(a) Obtain a banker's blanket bond which is applicable to the subject office and satisfactory in form and content to the Commissioner and file with the Commissioner a report containing (1) a copy of such bond and (2) a letter addressed to the Commissioner signed by the insurer named in the bond or by an agent of such insurer, confirming that such copy is a true and correct copy of the bond and that the bond is currently in force with respect to the subject office.(b) Obtain such other insurance policies as may be appropriate and necessary for the subject office and file with the Commissioner a report containing: (1) Table showing, with respect to each insurance policy (other than the banker's blanket bond called for in Subdivision (a) of this Section) which is applicable to the subject office: (A) Name and address of insurer.(B) Summary of terms of policy.(2) Letter addressed to the Commissioner signed by the insurer under each insurance policy referred to in the table called for in Paragraph (1) of this Subdivision (b) or by an agent of such insurer, confirming that the information in such table with respect to the insurer's insurance policy is true and correct and that the insurance policy is currently in force with respect to the subject office.Cal. Code Regs. Tit. 10, § 10.14182
1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34). Note: Authority cited: Section 215, Financial Code. Reference: Sections 1705 and 1753, Financial Code.
1. Change without regulatory effect amending section filed 8-19-97 pursuant to section 100, title 1, California Code of Regulations (Register 97, No. 34).